Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,470 shares of the insurance provider's stock, valued at approximately $4,447,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC lifted its position in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in Travelers Companies in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new position in Travelers Companies in the second quarter valued at approximately $26,000. Kilter Group LLC acquired a new stake in Travelers Companies during the 2nd quarter worth $26,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies during the 4th quarter worth $26,000. Institutional investors and hedge funds own 82.45% of the company's stock.
Travelers Companies Stock Up 1.9%
Shares of Travelers Companies stock opened at $370.65 on Tuesday. The firm has a market cap of $77.31 billion, a PE ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45. The business's 50 day simple moving average is $353.55 and its 200 day simple moving average is $318.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.
Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the firm posted $6.51 EPS. The business's revenue was up .3% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies's payout ratio is 13.39%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Roth Capital increased their price target on Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Wells Fargo & Company raised their price objective on Travelers Companies from $295.00 to $334.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. Finally, Mizuho boosted their target price on Travelers Companies from $324.00 to $343.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $354.26.
View Our Latest Research Report on Travelers Companies
Insider Activity at Travelers Companies
In other news, EVP David Donnay Rowland sold 5,000 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 52,667 shares of company stock worth $19,611,829. Corporate insiders own 1.39% of the company's stock.
Travelers Companies Profile
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Free Report)
The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.
See Also
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).
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